Twitter stock opens at all-time low

Shares of Twitter Inc.
TWTR, +0.93%
opened at an all-time low of $29.11 on Tuesday after closing at a record-low of $29.27 on Monday. The company's stock has fallen 20% over the last seven days, since the microblogging site reported disappointing quarterly user growth. In a note to clients on Tuesday morning, SunTrust Robinson Humphrey analyst Robert Peck, who rates Twitter's stock at neutral, attributed this week's declines to concerns regarding the recent departure of two product executives, and concerns regarding its CEO search. "We think investors are questioning the current state of the CEO search and assessing the rumored parameters, wondering if Twitter is looking for a difficult to find CEO candidate," Peck said. While the "ideal solution" may be Jack Dorsey returning as permanent CEO and stepping down from the helm at Square, Peck said he doesn't see this as likely. "While a thorough search is paramount, speed is critical," he said

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